Press Release For Immediate Publication
Mahindra Bolero is India’s no. 1 SUV for third year in a row with record
sales of 55,924 units
April 09, 2009, Mumbai: Mahindra & Mahindra Ltd. (M&M), the leader in the utility
vehicle segment in India, has announced that the Bolero has emerged as India’s
No.1 SUV for the third time in a row, selling a record 55,924 units in 2008-09.
This achievement also makes the Bolero the first brand in the SUV/UV/MPV category
to cross 50,000 units for two consecutive years.
“The Mahindra Bolero continues to create new records and scale greater heights as
India’s No. 1 SUV. In fact, Bolero is among the top selling brands in the passenger
vehicle segment, excluding small cars. This clearly points to the immense popularity
enjoyed by this evergreen brand. The Bolero’s superior value proposition of style and
rugged appeal coupled with our customer-centric approach to business have been
major contributors to its success over the years”, said Mr. Vivek Nayer, Senior Vice
President – Marketing, Auto Sector, Mahindra and Mahindra Ltd.
The Bolero has evolved significantly since its launch in 2001, yet has retained its
core DNA of ‘tough and rugged.’ Over the years, it has incorporated a host of
features and aesthetics which match the evolving lifestyle aspirations of Indian
consumers.
In 2007, M&M launched the New Bolero which offered a bold new style, greater
comfort and conveniences. In September 2008, Mahindra introduced the most
powerful Bolero yet - the Bolero VLX powered by CRDe technology. October 2008
saw the launch of the Bolero SLX with Micro-Hybrid technology which ensures better
fuel efficiency by reducing wastage. This launch was a part of Mahindra’s
environment friendly, sustainable mobility solutions initiative.
About The Mahindra Group
The US $6.7 billion Mahindra Group is among the top 10 industrial houses in India.
Mahindra is the market leader in multi-utility vehicles in India. It made a milestone
entry into the passenger car segment with the Logan. Mahindra & Mahindra is the
only Indian company among the top tractor brands in the world.
The Group has a leading presence in key sectors of the Indian economy, including
the financial services, trade, retail and logistics, automotive components, after-
market, information technology and infrastructure development. Mahindra has made
an entry in the two-wheeler segment which will see the company emerge as a full-
range player with a presence in almost every segment of the automobile industry.
Mahindra's Farm Equipment Sector is the proud recipient of the Japan Quality Medal,
the only tractor company worldwide to be bestowed this honour. It also holds the
distinction of being the only tractor company worldwide to win the Deming Prize. The
US based Reputation
Institute recently ranked Mahindra among the top 10 Indian companies in its Global
200: The World's Best Corporate Reputations list.
Mahindra is also one of the few Indian companies to receive an A+ GRI checked
rating for its first Sustainability Report for the year 2007-08.
For further enquiries please contact:
Ms. Roma Balwani Percy Dubash
VP & Head - Corporate Communication Adfactors PR Pvt. Ltd
Mahindra & Mahindra Ltd Phone: (022) 2204 9804
Phone: (+91-22) 24975176 Fax: (022) 2204 9814
Fax: (+91-22) 2490 0830 Mobile: (+91) 9702777559
Email: balwani.roma@mahindra.com Email: percy.dubash@adfactorspr.com